Vice President of Risk & Compliance, Token
Open banking platform for account-to-account payments
Open for applications
Open banking platform for account-to-account payments
101-200 employees
Open for applications
101-200 employees
Company mission
Token’s mission is to drive the shift from traditional payment methods to faster, fairer, lower-cost bank payments.
Role
Who you are
- Minimum 5 years experience in the risk & compliance function at a payments business
- Experience overseeing the risk & compliance team
- Knowledge of both UK and German payments regulation, laws, and AML requirements including PSD2, the Payments Services Act (ZAG), money laundering regulations and other associated regulations
- Excellent communication both written and verbal
- Exceptional interpersonal skills, demonstrating professionalism in all dealings
- Ability to work effectively on a cross functional basis - ensuring compliance is considered within each function and compliance deliverables are obtained from other departments as necessary
- Ability to manage assigned tasks in an assertive, efficient and timely manner
- Proven ability to deal with confidential matters and with discretion
- Team player
- Excellent attention to detail
What the job involves
- The VP R&C manages the Security, Risk & Compliance team who provide advice to the business on risk and payments compliance issues. Reporting into the COO, this role is responsible at a Group level for the implementation and maintenance of regulatory frameworks
- Regulatory Operations - designing customer & merchant KYB onboarding processes to both enable yet protect the business
- Regulatory Compliance - monitoring, researching, and ensuring adherence to all payment regulations and AML requirements
- Responsible for risk and compliance policies across the Group according to each entity in the group
- Enterprise Risk Management -responsible for the development and ongoing maintenance of an enterprise-wide risk strategy that accommodates the operational, legal, market, credit, regulatory, and technology risks of the business
- Information Security - ensuring ongoing compliance with GDPR, ISO27001, and PCI/DSS
- Management and implementation of Token payments risk and governance strategy for both the UK (FCA) and EU (BaFin) regulated businesses
- Management and implementation of Token’s customer & merchant onboarding processes and tools
- Implementing a comprehensive regulatory compliance function including managing the three lines of defence and ensuring mitigation plans are on track
- Responsible for managing company enterprise risk registers - implementing and ensuring effective controls are in place
- Developing and implementing regulatory training programmes
- Keep up to date with regulatory changes and liaise with the FCA and BaFin as required
- Support compliance programmes across the Token Group
Our take
Tokens as a concept hold significant potential, spanning from coffee chains to sustainable energy initiatives. Their primary function is to enable individuals and communities to invest in their interests, with the initial motivation to create a world where money effortlessly supports the causes people genuinely care about.
But in the current landscape, tokens pose challenges. Discovering them proves challenging, understanding them can be draining, staying updated with them is time-consuming, and retaining them may instill fear. Consequently, it is observed that the main participants in token engagement are day traders and crypto enthusiasts.
Token.com aims to redefine this narrative by adopting a fresh approach. The goal is to make tokens more relatable and less complex, more accessible and less alien, fostering a sense of community rather than isolation. With a team comprising designers, engineers, product enthusiasts, and token aficionados, Token.com is enthusiastic about influencing the future of tokens.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
34% female employees
38% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
May 2022
$40m
SERIES C
Jan 2021
$15m
SERIES B
Total funding: $91.6m
Company benefits
- Stock Options
- Learn and grow
- 30 days holiday + local BH
- Health insurance, Life Assurance, Long Term Sick 🇬🇧
Company values
- Token has a culture of both personal and business growth. Humility and transparency are our not-so-secret ingredients for success.
Company HQ
City of London, London, UK
Articles
Leadership
Todd Clyde
(CEO, not co-founder)He was previously the COO at Token. He has extensive experience in Senior Sales Leadership
People progressing
Started as Jnr Service Manager, now Customer Success Manager
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